by garrygard | Oct 1, 2019 | Daily Insights, Uncategorized
Good Morning, As expected the USDA had a issue estimating the size of last year’s corn and soybean crops! For months many have argued that they were too high…and they were proven correct in the end. NASS revised down 2018 bean production by a record 116M bu....
by garrygard | Sep 25, 2019 | Daily Insights, Uncategorized
Good Morning, Another day and more rumors of China eliminating tariffs on additional bean purchases from the US. Yesterday’s rumor suggested that China was going to allow an additional 5 mmt of beans to ship tariff free thru January. Illinois Governors’ office...
by garrygard | Sep 24, 2019 | Daily Insights, Uncategorized
Good Morning, Corn saw support from the bean market and flooding in the northwest Corn Belt yesterday and managed to close a couple cents higher. Yesterday’s bean rally was the result of China buying PNW beans and reports that Chinese officials rumored to have...
by garrygard | Sep 23, 2019 | Daily Insights, Uncategorized
Good Morning, The Chinese trade delegation canceled their US farm tour stops on Friday causing the markets to end last week on a down note. Reasons for the cancelation were not clear, but it is rumored that the farms were actually the ones cancelling the visits. The...
by garrygard | Sep 19, 2019 | Daily Insights, Uncategorized
Good Morning, Even markets to open the day with corn unchanged and beans up 2. Forecasts for the next week locally look favorable with temps in the 70’s thru next week. The first day with sub 40’s isn’t until 10/2 and that is forecasted to be 36. The latest ethanol...
